AIBEA Urges Finance Minister to Exempt Public Sector Banks from Deposit Insurance Scheme
The move, AIBEA asserted, would allow commercial banks to retain more capital, improve profitability, and enhance their capacity to support economic growth.
Budget 2025
What is Economic Survey before the Budget and why does it matter?
In addition to data-driven assessments, the survey often provides policy recommendations aimed at improving economic efficiency and fostering growth. Over the years, it has adopted thematic approaches, focusing on topics such as behavioral economics, digital transformation, or climate resilience to frame discussions on policy and reform.
AIBEA urges Government to strengthen PSBs ahead of Budget 2025
AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.
Budget 2025: What does Industry expect on Feb 1 from FM Nirmala Sitharaman?
The industry is hopeful that the government will announce a slew of measures to boost consumption by ensuring more money in the hands of people, boosting capital expenditure, giving relief to the housing sector and technological innovations.
Banking Reforms: What Happened to the Privatisation of State-Run Banks?
The government currently holds a majority stake in 12 public sector banks, with ownership exceeding 90% in four of them:
Budget 2025 pointers: Key things to watch for from FM Sitharaman in the Budget
The Bugdet is set against Rs 2 lakh crores unexpected bonanza from RBI which can be used for capital expenditure or fiscal deficit management.